File spoon-archives/marxism-thaxis.archive/marxism-thaxis_1996/96-10-29.043, message 105


Date: Sun, 27 Oct 1996 20:20:09 -0500 (EST)
From: Justin Schwartz <jschwart-AT-freenet.columbus.oh.us>
Subject: Re: Re: M-TH: value theory and intuitive expla



Fair enough. I spoke too hastily. There are MArxist economists who still
think that the kinks can be worked out. Personally I am not persuaded that
the game is worth the candle. I wish we could get Gil Skillman in on this,

--Justin

On Sun, 27 Oct 1996, Gerald Levy wrote:

> Justin Schwartz wrote:
> 
> > The problem is that the math doesn't work with the quantitative accounts.
> > Either you run into contradictions, or you get ouit of them by specifying
> > assumptions so unrealistic that it undermines the value odf the model, and
> > in any case there's the Sraffa-Steedman fifth wheel objection. Shane is
> > just saying one thing that quantative valur theory is supposed to do, Most
> > mathematically inclined Marxist economists who have thought about it have
> > concluded that value theory doesn't do the trick. --Justin
> 
> That last sentence is an assertion which can not be supported, IMHO.
> Certainly, there are *some* Marxists (e.g. from the September group) that
> have come to that conclusion. Still others, like Foley-Dumenil from the
> "New Solution" have come to a contrary perspective as have
> Freeman-Kliman-Carchedi et al from a TSS perspective.
> 
> As for Doug H's comment: in addition to what Shane Mage has added, I would
> suggest that the empirical work of Shaikh-Tonak, Moseley, M. Smith, and
> Cockshott-Cottrell-Michaelson be examined.
> 
> Jerry
> 
> 
> 
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